Fengate is proud to announce we have become a signatory for the Institutional Limited Partners Association (ILPA) Diversity in Action initiative. The ILPA Diversity in Action initiative brings together limited partners and general partners who share a commitment to advancing diversity, equity and inclusion in the private equity industry. The goal of the initiative is to motivate market participants to engage in the journey towards becoming more diverse and inclusive and to build momentum around the adoption of specific actions that advance diversity, equity and inclusion over time.
GPs and LPs who join the Diversity in Action initiative commit to specific actions that advance diversity and inclusion, both within their organization and the industry more broadly. To join the Initiative as a signatory, Fengate provided a summary of concrete actions, sourced from the Initiative Framework, that we are taking within our organization and in the wider industry. At Fengate, these critical efforts are led by our Executive team and Equity, Belonging, Inclusion and Diversity (EBID) Think Tank and are driven by all of us together. As an ILPA Diversity in Action signatory, we participate in regular roundtable discussions, working groups and surveys to provide the industry with greater transparency on the state of EBID today and on EBID best practices that will move private markets forward.
Our EBID Mission
Fengate’s mission is to deliver excellent investment results while fulfilling lives through the impact of our work, and our commitment to equity, belonging, inclusivity and diversity (EBID) plays a foundational role in this mission. It is Fengate’s core belief that diverse perspectives and experiences enhance the value to our firm, our investors, our stakeholders, and the communities in which we work; therefore, it is our moral imperative to continuously grow and sustain a culture of inclusivity. It is a priority at Fengate to create, operate with, and continuously grow and sustain an inclusive culture that respects and connects the diversity of our team, our clients, our partners, and the communities we work in.
Our EBID Vision
At Fengate, we believe an environment where every team member can be their authentic self is fundamental to the happiness of our people, which directly impacts the success of our business. In 2021, we launched a firmwide inclusion survey to listen and set benchmarks, and we created the Fengate EBID Think Tank to drive our ongoing strategy that fosters a diverse, inclusive, and equitable workplace. We are committed to ensuring all backgrounds and perspectives — including race, ethnicity, culture, nationality, faith, spiritual beliefs, sex, gender identity, sexual orientation, age, and abilities — are valued, sought after, and celebrated at our firm.
It is our responsibility to always be listening to and learning from each other, and consistently improving. Through this, our vision is to ensure EBID is enriching our client service, our investments, and our team, and is foundational to every aspect of business and every interaction at Fengate.